ImmoManu: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ImmoManu
Largest movements
- Deferred charges and accrued income +€128,350
up €128,350, from €0 to €128,350
- Cash -€106,820
down €106,820 (-76.5%), from €139,702 to €32,882
mainly Deferred charges and accrued income (-€128,350) and Receivables within one year (-€73,816)
- Receivables within one year +€73,816
up €73,816 (+78.7%), from €93,774 to €167,590
- Tangible fixed assets -€32,924
down €32,924 (-1.3%), from €2.6m to €2.6m
of which Land and buildings: -€31,924
- Reserves +€50,000
up €50,000 (+50.4%), from €99,160 to €149,160
of which Distributable reserves: +€50,000
- Gross operating margin -€16,056
down €16,056 (-11.8%), from €135,989 to €119,933
- Depreciation -€7,984
down €7,984 (-19.5%), from €40,908 to €32,924
- Financial income +€7,241
new in 2025: €7,241
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,913,256 | €2,975,678 | +€62,423 | +2.1% |
| Fixed assets | 21/28 | €2,679,780 | €2,646,855 | -€32,924 | -1.2% |
| Intangible fixed assets | 21 | €80,000 | €80,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,599,780 | €2,566,855 | -€32,924 | -1.3% |
| Land and buildings | 22 | €2,596,780 | €2,564,855 | -€31,924 | -1.2% |
| Furniture and vehicles | 24 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Current assets | 29/58 | €233,476 | €328,823 | +€95,347 | +40.8% |
| Amounts receivable within one year | 40/41 | €93,774 | €167,590 | +€73,816 | +78.7% |
| Other amounts receivable | 41 | €93,774 | €167,590 | +€73,816 | +78.7% |
| Cash at bank and in hand | 54/58 | €139,702 | €32,882 | -€106,820 | -76.5% |
| Deferred charges and accrued income | 490/1 | €0 | €128,350 | +€128,350 | |
| Total equity and liabilities | 10/49 | €2,913,256 | €2,975,678 | +€62,423 | +2.1% |
| Equity | 10/15 | €2,910,698 | €2,961,289 | +€50,591 | +1.7% |
| Contributions | 10/11 | €675,973 | €675,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,850,000 | €1,850,000 | = | 0.0% |
| Reserves | 13 | €99,160 | €149,160 | +€50,000 | +50.4% |
| Non-distributable reserves | 130/1 | €1,160 | €1,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,160 | €1,160 | = | 0.0% |
| Distributable reserves | 133 | €98,000 | €148,000 | +€50,000 | +51.0% |
| Profit (loss) carried forward | 14 | €285,564 | €286,156 | +€591 | +0.2% |
| Amounts payable | 17/49 | €2,558 | €14,389 | +€11,831 | +462.5% |
| Amounts payable within one year | 42/48 | €2,558 | €14,389 | +€11,831 | +462.5% |
| Trade debts | 44 | €879 | €575 | -€304 | -34.6% |
| Suppliers | 440/4 | €879 | €575 | -€304 | -34.6% |
| Taxes, remuneration and social security | 45 | €1,679 | €13,814 | +€12,135 | +722.6% |
| Taxes | 450/3 | - | €13,814 | +€13,814 | |
| Remuneration and social security | 454/9 | €1,679 | €0 | -€1,679 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,908 | €32,924 | -€7,984 | -19.5% |
| Other operating charges | 640/8 | €22,065 | €22,391 | +€327 | +1.5% |
| Gross operating margin | 9900 | €135,989 | €119,933 | -€16,056 | -11.8% |
| Operating profit (loss) | 9901 | €73,017 | €64,617 | -€8,399 | -11.5% |
| Financial income | 75/76B | - | €7,241 | +€7,241 | |
| Recurring financial income | 75 | - | €7,241 | +€7,241 | |
| Financial charges | 65/66B | €1,077 | €894 | -€183 | -17.0% |
| Recurring financial charges | 65 | €1,077 | €894 | -€183 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €71,940 | €70,964 | -€976 | -1.4% |
| Income taxes | 67/77 | €19,936 | €20,373 | +€436 | +2.2% |
| Profit (loss) for the period | 9904 | €52,003 | €50,591 | -€1,412 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,003 | €50,591 | -€1,412 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.